I've started this thread in an attempt to encourage people selling international assets to quote prices in Bitcoin, rather than in depreciating Fiat currencies.
If I have a business and I am accepting bitcoin, either I used a payment processor. But if I still see no need for it and I want to be accepting bitcoin directly and not convert it to fiat, I will have a means my site will automatically be updating the present price of bitcoin to fiat so that my customers can pay directly the exact amount they suppose to pay be it in bitcoin or fiat. |
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With this, I could only say that you don't even know what you replied to.
I perfectly understood your reply. Custodial wallets, whether an exchange or not often let you send coins for free within their network, which was what I pointed to in my reply. Maybe you did not read it to understand. And I added that such must be popular to increase the chance of OP's customers using the same to enable free transactions for some of them. I've used this on some custodial wallets and Binance (exchange) to third parties for free, so I know what I wrote.
If talking about businesses, custodial exchanges should be left not talk about. All I can see about this is how the people should depend more on centralized exchanges. As for your suggestion on the payment processors, they are the most convenient, but maybe you don't use them, I do weekly, and I will always discourage a small/startup business to use them because they will not grow due to high charges. They extort customers because they set the price and fee which is beyond the control of the seller. This discourages buying and selling through cryptos as experience people will prefer fiat in such cases (if there is an option for it) to crypto in which they will pay more.
It is not about conveniences, when talking about payment and customers, it is about considering all means of payment, while Marchants are using noncustodial means to accept payment. Payment processor is not for people that are receiving small number of transactions, you can handle that yourself on your noncustodial wallet, but it is used for high number of daily transactions with different addresses generation and also able to process your coin to fiat transaction for you as easy. There are many organizations today that are making use of payment processes if they are receiving high transaction rate. As for exchanges, a coin can be tainted, the fault may not even be from your customers, while exchange may seize the coin. If taking about customers paying you, exchanges and anything custodial should not be talked about at all. Anything centralized may bring inconveniences, even up to withdrawal inconveniences. Exchanges should not be more than exchanging money. For payment, payment processors can handle that. |
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This is a good development, but you must be certain of the ups and down of accepting crypto as a payment system. Based on what I experienced, please do not use a third-party actor, they will ruin your business by extorting your customers with high charges.
Just this week, I was charged approximately $5 for paying $122.57 for a service, which is ridiculous and so discouraging. Therefore, you might use a popular exchange or wallet for the transaction, and many of your clients might be using it too, so the transaction will be direct, internal and free.
For bitcoin, ether and ERC20 tokens payment, exchanges would also charge high fee. There are many customers that will not be using the exchange that you are using. That is also not the direction to look towards, looking towards payment is better than thinking of using what is centralized. Customers can decide to make payment from a noncustodial wallet or from another exchange. Businesses are using payment processor like https://btcpayserver.org/ that Potato Chips mentions. There are many of them if you need alternatives which Maus0728 mentioned. I do not know the cost to setup a payment processor, but they are very important in businesses for customers to make payment. Your customers can use it to make transaction from any wallet or exchange of their choice and no charges on their side. They can even automatically be converting the crypto to fiat for you. |
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In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
Yes, experience has very big role to play for traders to make money from trading. But in reality, some traders continue to fail, that is just the truth. The reasone some traders continue to fail is even beyond emotion, it is just greediness, they like high leverage, they continue to use high leverage and they continue to lose, spend more time on the screen and trading become a problem for them. Not only the newbies are losing, some people that have been trading for awhile too may continue to lose more than gain, trading is simple to learn but not simple to make money with it. Newbies lose because of lack of experience, some will later understand their mistake and not see trading more as a way to make fast money, but as a way to gradually make money than losing it. Experience can only be learn once you are able to go out of your comfort zone and start taking risk, with this newbies are more prone to error and losses because they are still trying the water, that's why its advisable to start small first and don't rush in the market.
Sorry, I do not understand this. What is getting out of your comfort zone has to do with trading? |
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Last night was trying to bet on live matches (Sports betting) although most of the matches already started running and while some have few minutes to start, after selecting about 10 to 15 matches to place my bet it was a bit difficult due to odds were dropping as well changing so I managed to place the bet and it went successfully.
Sorry for this is kind of off-topic. In-play bets may seem simple, but they are easy to lose, I hope you know that? Taking 15 in-play matches would have little likely chances to win. They only seem simple. Have you experience the manipulations over vFootball betting?
There is no manipulation about it, all the matches are fixed as usual, but you have to predict who would win during each match. No manipulation because any person can choose any odd. If you have been playing virtual bet very well, some matches are even repeated, they are fixed, but in a way you can win too. On virtual matchs, the time play are not more than 30 seconds, so it can be addicting, you may first be winning, but if you continue to play, the betting site may later be favour. Gamble responsibly. |
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See this hugeblack post, possibly ID document may be verified too before you can be able to withdraw. https://bitcointalk.org/index.php?topic=5445748.msg61962510#msg61962510I would have tested this myself, but I do not have any money on OKX because I am not trading for now and I do not leave money on exchanges. I hope to know what other people that have coins on OKX would talk about this. Probably I may be moving fully to Kucoin, I just do not know. From Binance to OKX, now from OKX to Kucoin, the more the KYC regulation. |
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First, you do not need to delete this, but you have have construction discussion about it.
Localbitcoins was a good and trustworthy p2p trading platform, but because the bitcoin exchange was unable to maintain their customers and provide the services that can bring more customers, their customers reduced and probably the exchange was not profitable again for those that created it.
The exchange has been shot down by those that created it.
But how were you scammed? Or why saying Localbitcoins CEO defraud you, with proof?
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But I started playing blackjack yesterday with $1k and noticed that the casino sites are somehow cheating us. I lost my $1k yesterday. through Blackjack. What do you think about casino site algorithms? Are they cheating with us?
Did you know that as your bet on one, another people are betting on another on the same game which is different from yours, so what you lose is what some people take and they are going win, that is how it happens in blackjack and dice. Do not think because you use small amount you are winning and if you are using higher amount you are losing,this thinking the gambling sites are manipulating is wrong. I can not say because of that conclude that gambling sites are manipulating because it is most likely that people will have different mindset if gambling with small amount of money and if also gambling with high amount of money. I love sport betting in addition to some casino games, can sport betting sites too manipulate like this? I do not think so. I noticed in the past when I was very addicted to sport betting, that if I use high amount of money that I do lose, but if I am using small amount of money to stake, that I do win. I was very surprised when my friend told me the same thing too. So do not think of it as manipulation, your mindset and the way you bet may be altered with increasing amount that you are using to bet. |
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So what are your speculations over this USA elections. And I know that everybody has their own speculations and also wins and also US presidential election is still 2024, we are still in the first quarter of 2023. Is it worth discussing this now? I do not think so. But unfortunately in my country when there are elections and betting there are always debates and fights if the final results of the elections do not match expectations so I myself have the thought that betting on elections will actually get someone in trouble and therefore I am not interested in betting at all in the election even though what is at stake is the election in the US state.
Only what could put someone in trouble is when you are publicly announcing or showing people to vote for someone, if the person is not liked in such area, it can be a problem for such supporter. The best you can do is to let the person you want to vote for to remain in your mind. The way I think it is, betting site can not disclosed that you are voting for this so person, or that you bet that this presidential candidate would be the winner, it remain on the betting sites, so no problem. Besides, this is US election and you are not from USA, only international betting sites that would have this for their customers to stake who would be the winner, even just on only very few international betting sites. You have nothing to worry about. Even as for the local ones, you are right that people are betting for who to be their president, but not also a problem to use the opportunity to bet who would win the presidential election. |
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CBDCs are not cryptocurrencies.
Non of our concern here with fiat, CBDCs are just fiat and nothing more. If any gambling site begins to accept CBDCs which is what would later happen, they are still just accepting fiat. Our concern here is crypto, not fiat.
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I prefer Roulette, but not mentioned. It requires pure luck. So I do not have to deceive myself. I think Slots is a game of chance and Poker is a game of skills. Do you agree?
There is much more to learn about Poker, which means it requires skills too, but that does not mean it is not also a game of luck. All are games of luck. Gambling generally is luck, but we have to gamble responsibly because of house edge. |
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Does anyone know if this is due to a law in Canada that bans all platforms, or is it related to unregistered platforms, or do they need a Canadian copy like Binance.US
You can find the whole reasons from this Canadian Securities Administrators (CSA) notice: https://www.asc.ca/-/media/ASC-Documents-part-1/Regulatory-Instruments/2023/02/6082629-CSA-Notice-21-332-Crypto-Trading-Platforms.ashxIn light of recent insolvencies involving a number of CTPs, including Voyager Digital, Celsius Network, the FTX groupof companies, BlockFi and Genesis Global (collectively recent CTP insolvency events), we are introducing important new investor protection provisions into the standard form of PRU. The new commitments we are now requesting from unregistered CTPs relate to the following areas:
•enhanced commitments in relation tothe custody and segregation of crypto assets held on behalf of Canadian clients;
•enhanced commitmentsto precludethe unregistered CTP frompledging, re-hypothecatingor otherwise usingcrypto assets held on behalf of Canadian clients;
•a prohibition on the part of the CTP offering margin, credit or other forms of leverage to any type of client in connection withthetrading of crypto contracts or crypto assets on the CTP’s platform;
•new commitments from controlling mind(s) and global affiliates that affect the CTPentity seeking registration and relief;
•restrictions on the part of the CTP relying on crypto assets, including proprietary tokens issued by the CTP or an affiliate of the CTP,in determining the capital of the CTP for excess working capitalpurposesand in determining the capital base of the CTP;
•enhanced commitments in relation to the filing bytheCTP of financial information with the CSA on a regular basis;
•enhanced commitments in relation to the retention of a qualified Chief ComplianceOfficer (CCO)during the pre-registration process;
•a prohibition on the part of the CTP in respect of clients buying or depositing Value Referenced Crypto Assets (commonly referred to as stablecoins)through crypto contracts without the prior written consent of the CSA; and
•a prohibition on the part of the CTP in respect oftrades in crypto contractsbased on proprietary tokens, except with the prior written consent of the CSA. We believe the recent CTP insolvency events noted above highlightthe significant investor protection risks to Canadian investors of trading crypto assets, particularly where such trading is conducted through unregistered CTPs based outside of Canada. According to what I am reading online, it is believed that OKX want to temporary and stop providing services to Canadians because of this: a prohibition on the part of the CTP in respect of clients buying or depositing Value Referenced Crypto Assets (commonly referred to as stablecoins) through crypto contracts without the prior written consent of the CSA I do not the exact reason, but I know OKX was not able to comply with one or some of the commitments above. @OmegaStarScream. Maybe it is related to KYC, I do not know. Is it KYC related, or that is not the reason? |
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Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.
I remember the times that I made fiat transaction and it failed, going to bank several times before it was solved, this happens twice to me before. It is true that fiat is flawed, but we still so much depend on it because people like to support what the government support. We still use fiat for many reasons, some people that are into crypto and receiving salary or wage in bitcoin or other crypto still depending on fiat and they convert their salary or wage to fiat for spending. But fiat makes us lacks freedom from government, bitcoin gives the freedom. Fiat is also decreasing in value, unlike bitcoin which can be considered as a speculative asset and a store of value. I like your enthusiasm but bitcoin has not yet broken the financial system.
Nothing can break the fiat financial system. Bitcoin was not created to breake the financial system. It is just an alternative and we have many types of money, bitcoin belongs to one type which are a valuing asset. We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it.
CBDCs are not different from fiat, why would bitcoin be banned because of CBDC/fiat when the fiat are existing before bitcoin. |
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Could there be any importance and need for some kind of mild regulations? Knowing how things can get out of hand when everyone is left to do as they please, don't you think that the freedom and anonymity from bitcoin will be really abused when accepted and adopted for use even more than some people do now? I have been thinking that why we really fear the centralized system is not because we detest the idea of control, but because we do not trust the people who are in control, do you agree with me? If there had not been any reason to not trust the people in control, the idea of a decentralized system will never have been.
If there is not regulation at all, this will only give more ways to online criminal and other illegal activities, which means regulation is very good. But we need to be careful of regulation too, humans are full of bad sides too. Without regulation, there would be money laundering and more ease for terrorism financing, which the world are going against. But with regulation, it comes down to the fact that our data can be sold and privacy is what the regulatory bodies and government do not want, they want to sink their citizens in a way that they will have control over their citizens like a modern slavery in which the full right and freedom of citizens will become not possible for the citizens to achieve. We can see how the government are using fiat to override citizens right to their own money because the government are the ones controlling it. Centralized and decentralized system in life have pros and cons, but as both are existing, some users still can be able to have privacy if they do not want to go with the regulatory way, but that is not easy to do. |
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Thinking about how trading strategies need to always be changed and how one strategy may not work for a long time, what do you do with the strategy that you are about to change. do you just forget about it completely once a new strategy starts working for you? or do you keep it in remembrance for the future.
Most old strategies are not what I can forget, I believed in screen trading and took much energy from me. I use high leverage which I thought was good but landed me in liquidations. Newbie traders will learn and they will move on. It is like promoting from a lower class to an upper class in school, you move up and you move on. If you have experienced this before; has any old trading strategy that you decided to apply work for you? Is it possible that old strategies may work in the future again?
The strategies you apply can be as old as time and old for you because you have known about it many years ago, but the strategy is never old for you because you still use it. I see old strategies in this context as the strategies that you have abandoned before. I can not use the strategies I have abandoned before, I abandoned the strategies because they were faling me. There isn't a one stratefy to rule them all. If you want to be profitable you always have to adapt according to the market conditions!
Are you talking about trend trading? If a trader is patient, using very low leverage or using just 1x leverage, adapting to market condition for trading is very profitable. |
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I checked this website on Trustpilot and I saw this which I believe should be summed as a poor rating:  There are plenty of legit gambling sites on this forum to wager and to place sport bets, they are the only ones that I trust while if not on this forum, I will make further researches even beyond when they were established. According to the further researches I did, MyBookie.com is not a good gambling site. I haven't heard about the casino either but it's a good thing you where able to reach out to the support, I think there's little or nothing the forum can do to help you retrieve your the account, so if you say it's calling the support is the only way then try to do that as early as possible, just figure out a way, if you have a trusted person in your country you can talk to them and make them call in your behalf.
If the issue is resolved, I hope he should not use the site again, check the Trustpilot reviews and see what I am talking about. There are many gambling sites that we can use which are legit and also very trustworthy. |
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I created this topic for users that may not be using the email used to register on OKX to be receiving messages, although I did not get any notification, but according to the news I saw this from, I think only OKX users that are located in Canada are the ones sent this message, but for those that have funds on the OKX, but not active on the exchange and not receiving email message from the exchange, this post is for you. You need to move your coins out of OKX due to new regulatory rules: On March 20, cryptocurrency exchange OKX informed Canadian users via email the firm “will no longer provide services or allow users to open new accounts in Canada starting on Mar. 24, 2023, 12:00 AM EST,” citing “new regulations.” According to OKX, existing Canadian customers must close open options, margins, perpetual and futures positions by June 22. Fiat or tokens must also be withdrawn by that date. “Your funds will remain safe in your account until you withdraw them. You will be able to withdraw dollars to your linked bank account and cryptocurrency to your self-custody wallet or your cryptocurrency account on another exchange. “ We should always know that we should never leave coins on any exchange, this is another good reason not to leave coins on any exchange, because if the users do not transfer their coins before the said date, maybe they will not be able to transfer their coins again, or it may take a very annoying process that can frustrate the person. Also exchanges can be hacked, another reason not to leave your coins on any exchange. |
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It is not like everyone is going after crypto gambling but after COVID-19 the business of online gambling has increased more than offline gambling. Although fiat online gambling users are more than crypto ones, they tend to visit an offline casino after a few online sessions as they miss the atmosphere of an offline casino.
Whereas cryptocurrency casino users would always be loyal & habitual which makes them more addicted to gambling than a fiat gamblers. Below listed are the three reasons which I think make them more inclined.
But there are many people that are online making use of fiat online casinos too and they are addicted. 1. Immediate gratification:
One explanation could be the immediate and continuous enjoyment that bitcoin gaming offers, whether you win or lose. A cryptocurrency can be swiftly converted into fiat currency or other cryptocurrencies, as opposed to traditional gambling, which typically calls for cash or chips, what I am referring to here is offline gambling. This feeling of immediate satisfaction can increase excitement and encourage players to keep playing.
Before I joined this forum, I have always prefer to bet online and withdraw to my bank account and it was very simple to do. 2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
Most bitcoin and other crypto gambling sites today are requiring for KYC. In my country, on fiat casino, you do not even need KYC because all about you can be traced to your bank. I was wondering why no KYC is not needed for gambling in my country in fiat gambling sites, I later realized that no privacy and no anonymity as your bank account is linked to your account on the local gambling sites. The local gambling site will instruct you to use the name that correspond to your bank account for registration. 3. Thrill of volatility:
We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.
I agree, but you can also make use of stable coins like USDT, you are not wrong though. The three points you mentioned are absolutely on point, for me personally, I have never played on online fiat casino, I remember playing with fiat in my early days of gambling either twice or thrice in an offline casino, then I stopped because I feared that a family member or someone that knew me could see me and report me to my parents.
addiction.
I have never played using betting agents or offline casino, I played on online fiat casinos too. I was addicted with online fiat casino. My post is based on the topic title. Be it crypto or fiat, both are addicting. |
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If only bitcoin is existing, it would have been better, but the more there are altcoins and many exchanges and other crypto organizations, this makes crypto to become more of a scam to people.
The regulation shouldn't be only because of FTX, there are many ways crypto investors have lost money in the past, FTX was just one of it but they are many.
What about Do Kwon, the Luna and UST scam.
How about those algorithmic stable coins that have deppeged in the past.
How about many fake projects.
They all have to be regulated.
Another reasons is because altcoins are securities. Securities are mostly and completely controlled by people. Scam and money misappropriation is possible with securities, they should be controlled as soon as possible.
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